The base rate problem is best defined as

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Reference no: EM131561994

1. The Base Rate problem is best defined as (see notes)

the inability to use reliable measures in your experiment.

the lack of a comparison group to make a valid inference about a group difference.

the reliance on authority to make an important decision.

social desirable responding.

the lack of statistical significance.

2. Michael invests $700 a year at the end of each year in an investment with a 8% rate of return which is compounded annually. What is the future value of this investment after 12 years?

$13,283.99

$5,275.25

$277.98

$1,762.72

Reference no: EM131561994

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